Our team will be notified tomorrow.
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I worked at Nationwide for nearly two decades, and know they've been doing shadow layoffs for years. Terminations thinly disguised as performance concerns that don't stand up to scrutiny. A refusal to replace FTEs who leave voluntarily. A preference to use contractors, interns, and H1B (ie, indentured) labor. The atmosphere turned overtly toxic after Jurgenson left -- which roughly coincides with the buyback of publicly traded NF shares -- but who knows... maybe it was there all along, just better hidden.
I keep hearing 20%.... Employees to be let go will be announced this week - June 25 - 29.
NW let go of a large percentage of IT support about 10 years ago... When they couldn't keep up with the workload, many, if not all of the numbers let go were rehired.
It's been a frightening place to work for a long time. New infrastructure only looks bad for most employees.
Many offices and parts of the business have been shrinking for years.
They (Upper management) is betting the farm on "The Cloud"
They're cutting our team 40%. So even if you make "the cut," you have 40% more work to do.
It is sad people are losing their job. Having said, let us be honest, there are too many people doing a job which is not required. I know all are busy but most of it is not necessary.
The 200 number is accurate. The 3-5 AVPs jobs created is not.